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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"
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To: tbevan who wrote (866)6/6/1997 4:06:00 AM
From: ExtraBases   of 1985
 
Tbevan,

<<<Double-down's a blackjack term, isn't it?>>>
Yes it is.

JTS has stated that they are they are not aware of any hostile takeover attempts.
From the SEC Form DEF 14A filed on 05/27/1997:
<<<
The additional shares of Common Stock that would become available for issuance if the proposal were adopted could also be used by the Company to oppose a hostile takeover attempt or delay or prevent changes in control or management of the Company. For example, without further stockholder approval, the Board could strategically sell shares of Common Stock in a private transaction to purchasers who would oppose a takeover or favor the current Board. Although this proposal to increase the authorized Common Stock has been prompted by business and financial considerations and **** not by the threat of any hostile takeover attempt (nor is the Board currently aware of any such attempts directed at the Company)***, nevertheless, stockholders should be aware that approval of this proposal could facilitate future efforts by the Company to deter or prevent changes in control of the Company, including transactions in which the stockholders might otherwise receive a premium for their shares over then current market price.
>>>

--Dennis
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